Aircraft Appraisal

Aircraft Appraisals: An aircraft appraisal is an in depth examination of an aircraft's current condition and historical data to determines the market value in todays marketplace. An aircraft appraisal can be provided in many different forms.

A market review:

Is the least expensive and least formal is simply an examination of what the particular aircraft is selling for in any of the trades. Determining if the equipment, age and hours are similar and then making a guess as to how the aircraft in question compares to the aircraft listed. This type of aircraft appraisal is useful in a number of situations. If the person looking for the appraisal is interested in what the aircraft may be worth. If the person is shopping for a type but has not decided on the specifics. This type of appraisal can give the perspective buyer or seller an idea of the aircrafts worth. This type of aircraft appraisal can also give some indication of demand for that type of aircraft.

The “Aircraft Bluebook”

This is a somewhat more reliable, but still very cheap alternative to the market review. This appraisal method focuses on the use of "The Aircraft Bluebook." This method provides valuable relatively cheap source of information designed to give accurate, comprehensive and timely assessment of the aircraft market. It is possible to use the Aircraft Bluebook subscription to develop an aircraft appraisal to get a general idea of the aircraft's value. Using "The Aircraft Bluebook" a subscriber can input a number of key information points and determine the general value for a given aircraft.

The Certified Appraisal

The most exhaustive type of aircraft appraisal is the certified aircraft appraisal. This appraisal will give a very accurate picture of what any given aircraft is worth based on an detailed examination of the log books and the overall material condition. This type of aircraft appraisal is conducted by an impartial third party that is typically nationally certified. The main certifying agency in the US is the National Aircraft Appraisal Association. When a certified aircraft appraisal is required an aircraft appraisal expert is assigned and they will develop an opinion of value based on the values of a large number of variables that make up the behavior of the used aircraft market.

The certified aircraft appraisal will come in the form of a report that will list all of the short comings and advantages of any given aircraft that is being appraised. The report is analyzed by the aircraft appraiser who then develops a summary report. The value that is reported on the aircraft appraisal is a value that can be justified, and substantiated. The reported value is an opinion of a certified, recognized professional aircraft appraiser.

The reported value can be used to obtain financing, insurance and can be used on legal documents as a legal reported value.

When it is time to purchase or sell the certified appraisal is the best option. This is the only way to truly understand the true market value. If you are purchasing you will come armed to the negotiation with pertinent information that will prevent you from overpaying. If selling you can accurately determine the true worth of your aircraft so that you maximize profit, and can move the aircraft in the time frame that is your goal.

An NAAA Certified Aircraft Appraisal is an impartial opinion of the value of an aircraft, prepared by experts who know all the factors which make up the current behavior of the used aircraft market. It is an opinion of value based upon experience and repeated analysis of these factors. It is an opinion of value which can be substantiated and justified. It is an opinion of value made by a certified, recognized, professional aircraft appraiser.

Get more information on:

Airframe appraisal
Engine and appraised value
Maintenance factors for an aircraft appraisal

Call Us Today

Phone: 321-332-7747